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IllinoisCRE

Lodge Financial closes on cash out refinance to buy out partners on 96-unit apartment building

May 17, 2022
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Lodge Financial closed on a $7,360,000 cash out refinance to buy out partners on a 96-unit apartment building located at 2260-2274 Jericho Road in Montgomery.

Loan details include the following:

  • 80% cash out first and second mortgage combination with blended rate of 4.10%
  • 5/1 ARM
  • 30yr amĀ 
  • Recourse
  • Local Execution
Tags
Lodge FinancialMontgomery
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